Instrument Details

ISIN: INE660A07RC0

Face value

₹10,00,000

Coupon rate

5.77%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

500

Instrument Type

Debenture

Returns

Medium

Date of Issue

25 Nov 2021

Maturity Date

25 Nov 2024

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (ICRA Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SUNDARAM FINANCE LIMITED SR V9 5.77 NCD 25NV24 FVRS10LAC
Sundaram Finance Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE660A07RC0, with a face value of ₹10,00,000 rs on 25Nov21 to raise 500 crores. The debt instrument is issued with a coupon rate of 5.77% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 5.77% SECURED RATED LISTED NON CONVERTIBLE DEBENTURE. SERIES V9. DATE OF MATURITY 25/11/2024.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on NSE stock exchange on 30Nov21. ICRA LIMITED has given AAA rating to this Debenture on 10Nov23. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
13 Nov 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
25-Nov-21 : Your investment
₹57,70,000
25-Nov-22 : Interest
₹57,70,000
25-Nov-23 : Interest
₹57,70,000
25-Nov-24 : Interest
₹11,73,10,000
25-Nov-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,73,10,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.77%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
Chennai
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE660A07RC0 issued by Sundaram Finance Limited

The instrument name of INE660A07RC0 ISIN is SUNDARAM FINANCE LIMITED SR V9 5.77 NCD 25NV24 FVRS10LAC.
The interest earned from INE660A07RC0 bond issued by Sundaram Finance Limited is paid Annually, ensuring regular and consistent income for investors.
This INE660A07RC0 bond issued by Sundaram Finance Limited has been assigned a credit rating of AAA by ICRA LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 5.77%, which determines the periodic interest payments made to bondholders.
The INE660A07RC0 Debenture is issued by Sundaram Finance Limited, a Private Sector company.